California
Gen Z Will Spend $145,000 on Rent by Age 30
The upper edge of the Gen Z age cohort (those born between 1997 and 2012) has entered adulthood and the… Read more
Manufactured Housing: A Mixed Bag
Marcus & Millichap’s 1H 2024 “Manufactured Home Communities National Report” offered a mixed bag of good and not-so-good news. Specifically,… Read more
Orlando Magic’s $500M Proposal Set for Vote
The Orlando Magic NBA basketball team hopes to do what most sports franchises are trying to do; build sports and… Read more
Cal State Long Beach Breaks Ground on $115M Residence Hall
California State University, Long Beach (CSULB) hosted a groundbreaking ceremony for La Playa Residence Hall, a $115-million, 108,000-square-foot student housing… Read more
Ares Fund Acquires Value-Add Industrial in Westminster
Cushman & Wakefield brokered the sale of a freestanding industrial distribution building totaling 258,506 square feet in Westminster. The sale… Read more
LA Investor Adds to Coachella Valley Retail Holdings
Progressive Real Estate Partners closed the sale of a 33,004 square-foot retail property at 13000-13160 Palm Drive in Desert Hot Springs. The $6.1-million all-cash sale included a… Read more
Wells Fargo Finances San Diego-Area Seniors Project
Wells Fargo’s Community Lending and Investment (CLI) group provided a total of $57.9 million in financing to Wakeland Housing &… Read more
Bvlgari Joins Mix of Luxury Retailers in San Francisco’s Union Square
Grosvenor secured a new long-term lease with luxury Italian jewelry and accessory designer Bvlgari at 200 Grant Ave. in San Francisco.… Read more
Lawmakers Aim to Clarify California’s “Builder’s Remedy” Housing Law
Technically it’s been on the books for the past three decades, but California’s “builder’s remedy” housing law has yet to… Read more
Hilton Buys Sydell Majority Stake to Expand NoMad Brand
Hilton has acquired a majority stake in Sydell Group to expand the NoMad Hotels brand globally. Sydell will handle design… Read more
We’re Looking for More of 2024’s Rising CRE Stars
Response to our call for nominations in Connect CRE’s eighth annual Next Generation Awards has been positive. However, we look… Read more
City Ventures to Break Ground on Townhome Redevelopment in Artesia
City Ventures, a builder of eco-forward, solar, all-electric homes, will break ground Wednesday on Eginhouse, a new live/work townhome redevelopment project… Read more
JLL Reps Manulife in Sale of Fontana Warehouse
JLL Capital Markets arranged the $197-million sale of Commerce Way Distribution Center, a warehouse totaling 819,004 square feet in Fontana. The… Read more
Barings Provides $78M Refi on Mission Valley Apartments
Barings said Tuesday that it had provided a $78-million loan to refinance The Townsend, a recently delivered, LEED Gold multifamily… Read more
PwC Leases 141K SF at Federal Realty’s One Santana West
Federal Realty Investment Trust has signed PwC, US Group LLP to a long-term lease for 141,000 square feet of workspace… Read more
Century City Office Tower Secures $575M Construction Loan
Developer JMB Realty has secured a $575-million construction loan for 1950 Ave. of the Stars, a 730,000-square-foot office development in… Read more
Q&A with Purple Lotus’ Matt Krishnamachari on Bringing Customer Service to Dispensaries
The dispensary sector has come a long way since San Jose-based Purple Lotus was established in 2010. In fact, it… Read more
RCLCO Launches Tracker for Stadium-Anchored Developments
Los Angeles-based RCLCO Real Estate Consulting on Monday announced the launch of a new proprietary Venue-Anchored Development Tracker of every major league stadium in… Read more